Gentle Monster Leases 28,500 Square Feet At Kushner Companies' Puck Building In Soho
295 Lafayette Street
Building Size
28,500 SF
Asset Type
Retail
Closing
Oct 13, 2026
About this deal
AI
The property involved in this transaction is a retail space located at 295 Lafayette Street, in the Soho market of Manhattan. The asset has a total square footage of 28,500 and is situated within Kushner Companies' Puck Building, where part of REI’s former flagship space was taken over.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 295 Lafayette Street
- Market: Soho, Manhattan
- Square Footage: 28,500
- Landlord: Laurent Morali - Kushner Companies
- Tenant: Hankook Kim - Gentle Monster
- Landlord's Representative: Richard Skulnik & Lindsay Zegans - Ripco
- Tenant's Representative: Lenny Kohlmayer & Evan Kleinberg - Cornelia Street Partners
This lease marks a significant move for the South Korean luxury eyewear brand Gentle Monster, as it expands into a prime retail location within Manhattan. The negotiation involved key representatives from both the landlord and tenant side, facilitating the agreement and transition into the space.
On the Map
Retail
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93